The Nexon EV variants, including Fearless LR, Fearless + LR, and Fearless + S LR, have received the most significant price reduction of Rs. 1.2 lakh each (excluding taxes)
Tata Motors, a global automobile manufacturing giant, has announced a significant reduction in the retail prices of its best-selling electric vehicles (EVs) Nexon and Tiago in the Indian market, as a strategy to make them more affordable to the average consumer. The company, under its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), aims to stimulate sales and promote the adoption of electric vehicles in India with this step.
The revised prices are only applicable to new buyers and provide no benefits to the existing owners. The company has revealed that it will cut the prices of Nexon EV by up to Rs. 1.2 lakh, thereby making the vehicle more attractive for potential customers. Similarly, up to Rs. 70,000 will be deducted from the price of Tiago EV, with its base model starting at an alluring price of Rs. 7.99 lakh.
The decision follows the price reduction moves taken by other car manufacturers including Mahindra and MG Motor for their respective EV models. The rationale behind this strategic move is the decrease in battery cell prices, as stated by Mr. Vivek Srivatsa, Chief Commercial Officer at TPEM. He explained that the company has decided to pass on the cost-benefit directly to the customers.
The move to reduce the prices is aimed at driving the growth of the EV market in India, where TPEM holds over 70% market share. Interestingly, the newly launched Punch EV will not see any price changes as its initial price already reflects the expected reduction in battery prices.
The electric vehicle market has shown strong growth, outperforming the overall passenger vehicle industry. This trend continued into 2024, with EV sales registering a 100% year-on-year growth in January 2024. Mr. Srivatsa reiterated TPEM's mission of making EVs more accessible by providing a wide range of body styles, range, and price points.
The significant price cuts by Tata Motors are expected to draw more customers into the EV market, especially towards Nexon EV and Tiago EV. In contrast, electric vehicle sales in Germany have noticeably slowed down, attributable to the government's termination of tax incentives for buying electric vehicles.
The sales of new electric vehicles in Germany declined by 54.9% compared to December 2023, while sales of plug-in hybrids were down by 19.6% in the initial month of 2024. However, the sale of vehicles powered by internal combustion engines saw a rise. The overall automotive market contracted by 11.7% compared to December 2023, shedding light on the various challenges in the sector.
Honda has introduced an updated version of its popular Shine 100 in India, priced at ₹69,000 (ex-showroom). Known for its reliability, fuel efficiency, and affordability, the Shine 100 remains a strong competitor in the entry-level commuter motorcycle segment.
What’s New in the Updated Honda Shine 100?
Stay tuned to CarTopNews for more updates on the latest bike launches!
BYD has introduced its latest 1000V Super E-Platform, a groundbreaking innovation in the electric vehicle (EV) industry. This advanced platform promises ultra-fast charging, with the ability to add 300 km of range in just 5 minutes, making it a game-changer for EV users.
Key Highlights of the BYD Super E-Platform
1000V High-Voltage Architecture: Enhances charging speeds and efficiency while improving overall vehicle performance.
5-Minute Rapid Charging: The system supports super-fast energy replenishment, reducing downtime for drivers.
Extended Range & Efficiency: BYD's advanced battery technology optimizes energy consumption, ensuring longer driving distances on a single charge.
Enhanced Performance: The platform supports higher power outputs, enabling faster acceleration and improved driving dynamics.
A Step Towards the Future of EVs
With the Super E-Platform, BYD is pushing the boundaries of EV charging technology, addressing concerns about long charging times and range anxiety. This advancement positions the brand at the forefront of next-gen sustainable mobility, offering faster, more efficient, and convenient EV solutions for consumers worldwide.
Stay tuned for more updates as BYD rolls out this cutting-edge technology across its future EV lineup!
Citroën has teased a Dark Edition of its upcoming Basalt Coupe-SUV, hinting at a more aggressive and stylish iteration of the model. This new edition is expected to bring blacked-out aesthetics and unique design elements, catering to customers who prefer a sportier look.
What to Expect from the Basalt Dark Edition?
Blacked-Out Exterior: The teaser showcases a dark-themed treatment on the body, with gloss black accents replacing chrome detailing.
Distinctive Styling: Citroën might introduce special alloy wheels, dark-themed badging, and smoked-out lighting elements to enhance the SUV’s sporty appeal.
Premium Interior Touches: While details remain under wraps, the cabin is likely to feature black upholstery, contrast stitching, and exclusive trim options.
Launch & Powertrain
The Basalt Dark Edition is expected to debut alongside the standard version later this year.
It will likely be powered by the same 1.2L turbo-petrol engine seen in Citroën’s other models, ensuring a balance between power and efficiency.
With this Dark Edition, Citroën aims to attract buyers looking for a bold, stylish SUV with a distinctive road presence. Stay tuned for more updates as Citroën reveals further details!
Skoda Octavia EV Concept to Be Unveiled in September 2025
Skoda is preparing to introduce an all-electric version of its popular Octavia sedan, with the concept model set to make its global debut in September 2025 at the Munich Motor Show. This move aligns with the brand’s broader electrification strategy and commitment to sustainable mobility.
Built on a New Electric Platform
The upcoming Octavia EV will be developed on Volkswagen Group’s Scalable Systems Platform (SSP), a next-generation architecture designed for improved efficiency, longer range, and cost-effective production. This platform will also be the foundation for future Volkswagen ID Golf models, strengthening the group's EV lineup.
Design and Features
Skoda is expected to introduce a refreshed design language with the Octavia EV, incorporating modern aerodynamics, sleek styling, and a tech-laden interior.
It is likely to include advanced digital connectivity, premium materials, and a focus on practicality, staying true to the Octavia’s legacy.
Expected Launch Timeline
Mercedes-Benz has introduced the Maybach SL 680 Monogram Series in India, priced at ₹4.2 crore (ex-showroom). This luxury roadster, unveiled globally in 2024, is acclaimed as Maybach's sportiest model to date. Notably, only three units are allocated for the Indian market this year, with bookings now open.
Exterior Design:
Jeep has introduced the Compass Sandstorm Edition in India, a limited-run variant that enhances the Compass lineup with unique aesthetic and feature upgrades. This special edition is priced at ₹19.49 lakh, reflecting a ₹50,000 premium over the base variant.
Available Variants and Pricing
The Sandstorm Edition is offered across select variants, with pricing as follows:
The Compass Sandstorm Edition distinguishes itself with:
Design Highlights:
Key Features:
Variant Pricing: The Ebony Edition is approximately ₹15,000 more than the standard AX7 and AX7 L variants.
Safety Update:
Rear Seat Belt Reminders: All Mahindra XUV700 variants now come standard with rear seat belt reminders, enhancing passenger safety.
The XUV700 Ebony Limited Edition is now available for bookings, offering customers a unique blend of style and performance.